Hutchison Port Holdings Trust (HPHT), partly owned by the second-biggest container port operator, sold 60 percent of a Hong Kong terminal company for HK$2.47 billion ($318 million). Hutchison Port will sell a 40 percent stake in Asia Container Terminals Holdings Ltd. to Cosco Pacific Ltd. (1199), it said in a statement to the Singapore stock exchange. A 20 percent holding will be sold to China Shipping Terminal Development (Hong Kong) Co., it said…Full Article: Fresh Plaza Mar 2014

Key point

  • From March to May 2013, workers at Kwai Tsing Container Terminal (owned by HPHT), Hong Kong, went on a strike for higher wages, which they received. The strike led some shipping lines to divert container traffic to other nearby ports such as in Shenzhen

ChinaAg Comment

  • As of 2011, the top Chinese ports in terms of container traffic of Twenty-foot Equivalent Units (TEUs) are Shanghai (31.7 million TEUs), Hong Kong (24.4 million TEUs), Shenzhen (22.6 million TEUs), Ningbo-Zhoushan (14.7 million TEUs), Guangzhou (14.3 million TEUs), Qingdao (13 million TEUs), Tianjin (11.6 million TEUs), Xiamen (6.5 million TEUs), Dalian (6.4 million TEUs), Lianyungang (4.9 million TEUs) and Yingkou (4 million TEUs)

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